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Bonus Calculations

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There are 2 ways to do bonus calculations in Actpay

  1. Together with the month end pay. In this case, just enter bonus and click “Calc Payslip“. Do not click “Calc Bonus”.
  2. Pay bonus separately with a separate bonus payslip. Use “Calc Bonus”.

How to do Bonus calculations separately. 

  1. Initialize month first or Init Month in the monthly screen. Bonus PCB can only be calculated after all the fixed monthly income has been added.
  2. Click “Calc Bonus”. This will do the bonus calculation for EPF and PCB. Note that all the standard payroll calculations are blank. This is because the calculations are for bonus only.
  3. Go to Reports screen and click Bonus Payslip. 

Separate Bonus Calculations

Add Bonus for all staff

  1. To add bonus for all staff with a single multiplier, click on Add Bonus in the Update/Report Screen. This will use the same multiplier for all staff. Go to the individual Monthly screen to change values. If bonus is different for individuals, edit the Bonus amount individually in the Monthly Screen.
  2. To do bonus calculations for all the staff, click “Separate Bonus Calculation”. Remember to do Initialise month first.
  3. Print Bonus payslips.

bonus3

End of the Month Payslip

At the end of the month, click “Calc Month” or “Calculate Staff Pay”. This will calculate the balance EPF and PCB for the basic salary and any other allowances. 

Final Bonus Calculations

Many users are often surprised by the high PCB for Bonus payments. Quite often they doubt that the calculations are correct. In all queries we have received, 100% of the time we have found that the bonus PCB calculations are correct. To make sure that it is correct, please go to the PCB calculator feature to verify the results. 

Explanation on how to use it can be found here : How to verify your PCB Calculations sales 

Explanation on Bonus calculations can be found here : http://actpayroll.com/explanation-on-bonus-calculations/

 

 

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